Tag: HMRC

Difficulties remortgaging due to higher interest rates affecting lenders affordability criteria

Author: Mark Alexander

28th May 2023, 3 years ago | 14

Many landlords are reporting that it has become increasingly difficult to remortgage as a result of higher interest rates affecting...

HMRC will get a tax ‘gold mine’ with the new landlord database

Author: Property118.com Landlord News Team

23rd May 2023, 3 years ago | 24

The Renters’ Reform Bill has unveiled a new database that could turn into a tax ‘gold mine’ for HMRC to...

Making Tax Digital for Landlords?

Author: Readers Question

18th May 2023, 3 years ago | 6

Hello, There’s more red tape for landlords to come – From April 2026, self-employed individuals and landlords with an income of...

Hybrid LLP structures GAME OVER!

Author: Mark Alexander

15th May 2023, 3 years ago | 12

It’s game over for most Hybrid LLP tax structures. A “Hybrid” / Mixed LLP is a Limited Liability Partnership where...

How Property118 Are Helping A Landlord To Resolve A Serious Hybrid LLP Tax Planning Blunder

Author: Mark Alexander

14th May 2023, 3 years ago | 22

Stay tuned for the big reveal – the name of the accountant responsible for this catastrophic situation will be unveiled...

Landlords must ACT NOW to reduce tax payable on account this JULY

Author: Mark Alexander

5th May 2023, 3 years ago | 0

Payments on account are advance payments towards your tax bill for the following year based on the tax you owed...

Holiday lets and HMRC rules?

Author: Readers Question

28th April 2023, 3 years ago | 10

Hello, Does anyone here understand the rules surrounding extended lets of 31 days plus, please? Here is the Gov link: The...

February sees the lowest property sales in a decade

Author: Property118.com Landlord News Team

21st March 2023, 3 years ago | 0

Data published by HMRC show that non-seasonally adjusted property sales were up 2% from January, to 76,920 in February –...

House sales fell by 3% in December, HMRC says

Author: Property118.com Landlord News Team

24th January 2023, 3 years ago | 0

The latest data on the UK’s house sales from HMRC reveals that numbers dipped by 3% month-on-month in December 2022...

HMRC says stamp duty tax surges by 19% to £14bn

Author: Property118.com Landlord News Team

22nd December 2022, 3 years ago | 0

Stamp duty tax receipts in England surged by 19% between April and November to £14bn – an increase of £2.2...

Making Tax Digital for landlords is delayed by two years

Author: Property118.com Landlord News Team

20th December 2022, 3 years ago | 5

The Government has announced that the introduction of its flagship ‘Making Tax Digital’ (MTD) scheme for Income Tax Self Assessment...

50,000 landlords have left the PRS since 2019

Author: Property118.com Landlord News Team

25th November 2022, 3 years ago | 17

It has been revealed that the UK has 2.74 million unincorporated landlords and in 2020-21 they earned £41bn from rents,...

UK sees house transactions rise by 2% in October

Author: Property118.com Landlord News Team

23rd November 2022, 3 years ago | 0

The number of UK house transactions increased by 2% in October to reach a seasonally adjusted total of 108,480, HMRC...

HMRC is targeting residential landlords with ‘nudge letters’

Author: Property118.com Landlord News Team

14th November 2022, 3 years ago | 20

HMRC is targeting residential landlords in its latest ‘nudge campaign’ that it suspects are not declaring their full rental income,...

Government plots raid on landlords to plug £50bn black hole

Author: Property118.com Landlord News Team

7th November 2022, 4 years ago | 47

The government will target landlords in a bid to plug a £50bn hole in the country’s finances, reports reveal. The...

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Late filing landlords to pay £10 a day fines

Author: Property118.com Landlord News Team

19th April 2012, 14 years ago | 0

HMRC is getting tougher with landlords who have ignored appeals to file their tax returns on time. From May 1st,...

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Tax man urges landlords to keep accounts on their phones

Author: Property118.com Landlord News Team

16th April 2012, 14 years ago | 1

The tax man is urging landlords to keep better financial records with the help of apps on their mobile phones....

property118

Tax saving tips for landlords

Author: Property118.com Landlord News Team

14th March 2012, 14 years ago | 6

It’s not often the tax man gives something away, but from the start of the next tax year landlords can...

property118

Holding your umbrella upside down will not keep off the reign of the taxman

Author: Mary Latham

6th March 2012, 14 years ago | 2

-By Guest Columnist Mary Latham- Landlords may be invisible but their properties are not and neither are their tenants, especially...

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HMRC task force targets landlord tax dodgers

Author: Property118.com Landlord News Team

24th February 2012, 14 years ago | 0

Landlords and property investors who cheat on their tax are under scrutiny from special HM Revenue & Customs task forces....